Duncastle Gold Corp.

Duncastle Gold Corp.

September 10, 2009 12:45 ET

Duncastle Starts Fall Drill Program at Historic Yankee-Dundee Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2009) - Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported today that it has mobilized a diamond drill rig and field crew to its flagship Yankee-Dundee property located three kilometres northeast of Ymir, in southeastern British Columbia.

Duncastle said it plans to drill up to 1,640m in a second phase program to follow-up on the successful five-hole program drilled in July and August 2009 that identified high-grade extensions of the historic Yankee Girl mine. Results are pending for two holes that tested the Goodenough vein system, located on a separate mineralized structure about three kilometres north of the Yankee-Dundee mine.

As reported August 26, 2009, three holes successfully targeted precious-metal enriched lenses ('shoots') to the west of the Yankee Girl mine identified by three dimensional modelling of historical data compiled with results from Duncastle's two years of work on the property. Drill hole YD09-39 successfully tested the east margin of the Yukon shoot and extended the known mineralized zone at the "800" level to 90 metres in strike-length (not completely delineated) with 2.8 metres grading 5.2g/t Au, 122.3g/t Ag, 4.5% Pb and 13.8% Zn contained within a 17.2 metre interval grading 1.2g/t Au, 21.9g/t Ag and 2.4% Zn. Results from 2007 and 2008 drill programs indicate that the Yukon shoot (thickest and most continuous portion of the vein) persists to a depth of some 280 metres and contains higher grade intervals up to 14.14g/t Au, 281g/t Ag, 11.13% Pb and 12.58% Zn over an estimated true thickness of 3.23 metres within the core of the shoot. The Yukon shoot is open at depth and to the east and west.

The July/August program was also successful in identifying the 400 shoot, a previously un-drilled extension of the Yankee Girl structure 65 metres to the west of the Yukon shoot, which returned from hole YD09-40 a broad mineralized zone in the Yankee Girl structure extending down hole from 197 metres to 210 metres comprised of an upper gold-enriched 1.1 metre interval grading 12.9g/t Au and 13.1g/t Ag and a silver and base-metal-enriched lower interval grading 63.8g/t Ag and 4.1% Zn over 1.1 metres. The hole also identified in a hanging wall vein to the main Yankee Girl structure 0.9 metres grading 12.2g/t Au, 71.6g/t Ag, 2.8% Pb and 3.1% Zn contained within a 3.2 metre interval, grading 4.2g/t Au, 21.9g/t Ag, 0.9% Pb and 1.1% Zn. Continuity of the Yankee Girl structure has now been demonstrated for over 240 metres to the west of the historical mine workings. All intervals are reported as estimated true thickness.

Additional results including a long section of the Yankee Girl structure and sections of drill holes YD09-39 and YD09-40 are available, for download from the company's website at http://www.duncastlegoldcorp.com.

The six-hole late summer program will further test the Yukon shoot and will also target a potential new mineralized zone located between the 400 and Yukon shoots, as well as targeting the 790 shoot to the west of both the Yankee Girl mine and the 400 shoot. Additional holes are planned for the McDowell shoot, at the east end of the historic Yankee Girl mine, and for the former Goodenough Mine, located about 3km north of the Yankee-Dundee mine.

Once completed, Duncastle will have drilled over 7,700m in 48 holes since its acquisition of the property in 2007 at an aggregate cost of over $2.6 million. Duncastle has been systematically adding value to the historic project by targeting extensions of the past producing Yankee Girl, Dundee (together Yankee-Dundee) and Goodenough mines.

Upcoming Exploration Plans

Duncastle continues to follow through on recommendations from the 2008 Summary Report on Exploration reported earlier this year which contains numerous targets identified during 3D modelling of historic mine records combined with Duncastle's recent results. As well as surface drilling now underway, the report recommends up to 2,300 metres of drilling on numerous targets from underground via the Wildhorse Adit, a 1,417 metre exploration adit built during the period 1928 to 1954 that intersects the Bonus vein and meets the Yankee Girl vein 110 metres below the old mine workings. The adit was inspected by Duncastle personnel in 2006 and appears to be in excellent shape structurally. Rehabilitation work consisting of minimal timber and drainage work is planned for spring 2010. Underground drilling below the known mineralized zones is planned along with drilling to expand the Bonus vein, a vein parallel to the Yankee Girl vein.

Additional drilling from surface is also planned for 2010.

About Duncastle Gold

Duncastle Gold Corp. is a mineral exploration company based in British Columbia, Canada with projects in both central and southeastern BC. The Yankee-Dundee project comprises 26 crown grants under a 100% option agreement and 95 tenured mineral claims totaling approximately 5,987 hectares in the Nelson Mining District, located three kilometres northeast of the town of Ymir in southeastern British Columbia. Gold mineralization was first reported near Ymir in the late 1800s, with much of the mining taking place at the Yankee Girl, Dundee and Ymir mines during the period 1907 to 1951. Historical records indicate that a total of 375,000 tonnes grading 9.9g/t Au and 57g/t Ag were mined from the Yankee Girl vein during this time. Exploration by the company is targeting high-grade Au-quartz veins throughout the Ymir district which historically, together with the adjacent Sheep Creek district is reported to have produced more than one million ounces of gold(1). The Ymir camp was the largest silver producer in the British Commonwealth in the 1930s (BC MEMPR Bulliten 109, 2001). In central B.C. the company has the 8,641 hectare Porphyry Creek property in the Rocher Deboule Mountains near Smithers, with a porphyry or IOCG copper-gold target. Duncastle Gold Corp is a Manex Resource Group company.

Rob Macdonald, (P.Geo.), is the Qualified Person responsible for reviewing the technical results in this release.

On behalf of the Board of Directors,

Lawrence Page, Q.C., President, Director, Duncastle Gold Corp.

(1) Production data was obtained from historical government records and has not been independently verified by the current operators of the project.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Duncastle Gold Corp. relies upon litigation protection for forward looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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